Posted by May Chen on 3/18/15 10:00 AM
You may have noticed that Summit has been talking about “Fair Value Accounting” a lot more recently. There’s a good reason for this: The House and Senate Budget Committees have recently introduced bills that could overhaul the way Federal lending programs are scored, which could impact the budget cost and operations of these programs.
Anthony Curcio, Summit Principal and Federal Credit Advisory Lead, has introduced the basics of Fair Value Accounting and the proposed bills in a blog posted last week. He explains some key take-aways in the interview below: